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cliff. it's not for michigan only. we see plants closing and jobs leaving and workers busted. the kind of deterioration coming in. workers must strike back in measure. a major one-day workers strike and marshall washington for jobs and justice. too much poverty. too many unemployed people. each of us must fight. workers deserve to be at the bargaining table. >> bob king, what will be the immediate affect on the uaw? >> you know, i'm not worried about the immediate effect on the uaw. i'm worried about the impact on society. this has to be seen as part of a right wing agenda. this lame-duck they're not just attacking labor, but limits. they're attacking teachers and schools. they're attacking everything that is good for working families. this right-wing agenda has to be staffed. labor, civil rights, faith community, lgbt, environmentalists, all of us got to come together and stand up for an america that has prosperity for everybody. not just for ceos and the greedy few at the top. >> this is a
cliff. it's not for michigan only. we see plants closing and jobs leaving and workers busted. the kind of deterioration coming in. workers must strike back in measure. a major one-day workers strike and marshall washington for jobs and justice. too much poverty. too many unemployed people. each of us must fight. workers deserve to be at the bargaining table. >> bob king, what will be the immediate affect on the uaw? >> you know, i'm not worried about the immediate effect on the uaw....
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. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rodeo -- the national finals rodeo sponsored by wrangler. i went last year and i got to interview the rodeo queen. the new rodeo queen this year and talk to a few other people and chance to go to the rodeo and see my family. >> eric: that's nice. >> dana: that's it? "that's nice." >> kimberly: it sundays fun. you know how to ride a horse. >> bob: ride a bull. >> dana: we
. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to...
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my question to you as a progressive is, republicans want something big. is there any big concessions you can see acceptable? >> new york city i really can't. and the kind of things we are talking about, even if they're not -- may not be acceptable to me ever but talking about a version of the changed cpi, the president already said social security is off the table because it is not driving the deficit. that's kind of weird. changes to medicare eligibility again or changes to medicare payments or whatever, it's really complicated to negotiate but i have to say i agree with you, steve. i'm -- i wish that the president hadn't taken the 14th amendment off the table because we're all saying, well, nothing should be off the table. why is that off the table and even if it's tough thing to pull off in the long run? i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the
my question to you as a progressive is, republicans want something big. is there any big concessions you can see acceptable? >> new york city i really can't. and the kind of things we are talking about, even if they're not -- may not be acceptable to me ever but talking about a version of the changed cpi, the president already said social security is off the table because it is not driving the deficit. that's kind of weird. changes to medicare eligibility again or changes to medicare...
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>> on the fiscal cliff or the >>> you might remember a couple of times i've been here when i want to do something too boring even for the geeky nerd geeks on the "rachel maddow show" and i love you geeky nerd geeks, made me do it in seconds in a short segment called the ezra klein challenge. tomorrow the monthly job numbers are going to come out. everyone will freak out because they will be horrible. economists surveyed by bloomberg news say as low as 86,000. deutsche bank says could be as low as 25,000. don't freak out. in fact, you should probably ignore this report entirely, at least for now. and i'm going to tell you why in a bit less than 90 seconds. ready, clock? go. first remember what the jobs report it. it is a survey. the first numbers we get, the ones we're getting tomorrow, they're preliminary. they get changed over the next few months as better data comes in. the initial numbers are usually off the first time by about 100,000 jobs. what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power w
>> on the fiscal cliff or the >>> you might remember a couple of times i've been here when i want to do something too boring even for the geeky nerd geeks on the "rachel maddow show" and i love you geeky nerd geeks, made me do it in seconds in a short segment called the ezra klein challenge. tomorrow the monthly job numbers are going to come out. everyone will freak out because they will be horrible. economists surveyed by bloomberg news say as low as 86,000. deutsche...
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cliff. dave: an exciting our coming up. we will tell you what drove the markets today with today's data download. of next week on wall street following better than expected november jobs report. the dow and s&p ending prior to eke out weekly gains, the nasdaq closed in the red ending down 1% a lot of that because of what happened to apple. financial and industrial for this week's top performing sectors while materials and technology lad a bit. the u.s. economy added 146,000 jobs in november as the unemployment rate dropped to four year low of 7.7%. today's report may not be as strong as it seemed, reporting employers added 49,000 fewer jobs in september and october than initially estimated. a preliminary reading showing consumer confidence plunging to its lowest level in four months. early december americans prepare for a potentially higher taxes at the beginning of next year. the index dropping 74.5 this month, far below november's reading of 82.7 and economists forecasts of 82.4. >> in the
cliff. dave: an exciting our coming up. we will tell you what drove the markets today with today's data download. of next week on wall street following better than expected november jobs report. the dow and s&p ending prior to eke out weekly gains, the nasdaq closed in the red ending down 1% a lot of that because of what happened to apple. financial and industrial for this week's top performing sectors while materials and technology lad a bit. the u.s. economy added 146,000 jobs in november...
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. >> the markets are watching the fiscal cliff deal very closely and they continue to move higher. that is the interesting part. do the big investors miss something. i say the markets should be optimistic. we are going to ask an expert next up. i'm larry kudlow. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let
. >> the markets are watching the fiscal cliff deal very closely and they continue to move higher. that is the interesting part. do the big investors miss something. i say the markets should be optimistic. we are going to ask an expert next up. i'm larry kudlow. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or...
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>> the fiscal cliff is something he will talk about, say they have to solve this. he's talked before about the upside and said twice already the federal reserve cannot off-set the effects of the fiscal cliff. the fed could -- one idea -- the fed could keep a little bit of powder dry if we do go off the cliff, the fed has something it could do. >> mike duke last night the ceo of walmart spoke and he sa said -- they poll their shoppers all the time. a week before the election, 25% of walmart customers knew about the fiscal cliff. one week after the election, 75% of their shoppers know about the fiscal cliff and 15% say it means they will spend less on christmas. it's pre-telling, right? >> apparently the walmart shopper is more informed than the average american. we showed 70%. that's out there. it's something that affects people. it was clear in the data there was an effect of the fiscal cliff on overall economic attitudes. the more important thing we found is that it affects businesses and businesses slow down in capital spending. you're an economic student and you
>> the fiscal cliff is something he will talk about, say they have to solve this. he's talked before about the upside and said twice already the federal reserve cannot off-set the effects of the fiscal cliff. the fed could -- one idea -- the fed could keep a little bit of powder dry if we do go off the cliff, the fed has something it could do. >> mike duke last night the ceo of walmart spoke and he sa said -- they poll their shoppers all the time. a week before the election, 25% of...
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. >> to show you how seriously we are, up next, the fiscal cliff. it could last forever apparently. the scary prediction is next in the guest spot. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. >> every day we are closer to the fiscal cliff. >>
. >> to show you how seriously we are, up next, the fiscal cliff. it could last forever apparently. the scary prediction is next in the guest spot. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate...
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when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were under clinton. and return will put a limit on cost of living increases for social security, will increase the eligibility age for medicare. as the republicans are demanding is not an acceptable compromise as far as i'm concerned. you have a lot of democrats voting against any such agreement. >> eliot: you are raising the critical issue that has not gotten any substantial and necessary attention as it should which is what will the cost-cutting be. where will it come from? how will entitlements be affected if at all and why? we have to have that conversation. >> the most ob
when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were...
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. >> this is something very, very quickly on the talks. the fiscal cliff. how many "meet the press"s do we have left? >> we may have a lot. my indications from the hill and the white house, you are probably hearing this. they really are dug in on they have to give on rates first. >> they don't want to negotiate? >> they don't want to negotiate on medicare to find out they won't negotiate on the taxes. they can do a middle class tax deal and delay the sequester. they could avoid the deadline. >> good news for every sunday. >> i do think people have a high level of frustration with this. >> cynicism. you see it. the public gets it and they are not happy about it. >> thanks. >> congratulations and ebook. i will download it now, i promise. from nbc publishing is available on your ipad and ipad minis. >> i love it. it saved my life. >> you could watch "meet the press" on your local station. quickly before we go to break, opening bell just rang on wall street. the market starting in positive territory. everyone anticipating the announcement of qe 4. the fed chair
. >> this is something very, very quickly on the talks. the fiscal cliff. how many "meet the press"s do we have left? >> we may have a lot. my indications from the hill and the white house, you are probably hearing this. they really are dug in on they have to give on rates first. >> they don't want to negotiate? >> they don't want to negotiate on medicare to find out they won't negotiate on the taxes. they can do a middle class tax deal and delay the sequester....
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for the fiscal cliff negotiations and failed in the senate. jenna: let me ask you that is it part of the fiscal cliff negotiations or are food stamps in their own column right now? >> reporter: he tried. it is considered an entitlement program so it has to be funded. he did try to get the specific measure passed in the senate and it failed. jenna: any response from the administration on this? >> reporter: we reached out to the white house on this and want to give them opportunity to explain or comment on the fact under president's first term food stamps are up 39%. amount of americans dependent on them. the white house directed us to the u.s. department of agriculture and oversees this program and other similar programs. here is what they told us. the increase in snap participation during the 2008 and 2010 pared of economic decline which include the recent recession was consistent during increase in previous periods of economic decline. senator sessions and others make a point. the math doesn't add up. as we're seeing unemployment rate tick do
for the fiscal cliff negotiations and failed in the senate. jenna: let me ask you that is it part of the fiscal cliff negotiations or are food stamps in their own column right now? >> reporter: he tried. it is considered an entitlement program so it has to be funded. he did try to get the specific measure passed in the senate and it failed. jenna: any response from the administration on this? >> reporter: we reached out to the white house on this and want to give them opportunity to...
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immigration and tax reform post the fiscal cliff will create a legacy and may see congress doing something. >> that is why it is so important that they figure out a way to come together before the end of the year hopefully. if the environment is poisoned like it was after the stimulus, after the health care debate, the next four years will be ugh low. >> that's true. the higher number of women increases the chances. we will see. >> i saw the women here smiling. we were talking about how collaborative they were. the guys, not so much. >> we don't smile. i agree. the more women the better. i'm agreeing with you. can i say nothing? i said the more women, the better. i'm agreeing with you. the more women, the less self destructive egos and getting to a deal. do you have a problem with that. >> no,i don't. >> go with it. i give up. >> all right. still ahead, hollywood mogul joins us on set and author sebastian younger will be here. more morning joe in a moment. ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one place was impossible, until
immigration and tax reform post the fiscal cliff will create a legacy and may see congress doing something. >> that is why it is so important that they figure out a way to come together before the end of the year hopefully. if the environment is poisoned like it was after the stimulus, after the health care debate, the next four years will be ugh low. >> that's true. the higher number of women increases the chances. we will see. >> i saw the women here smiling. we were talking...
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cliff. while that's going on and will keep going on for a while, your united states senate is haggling over something that might be even more important to the health of the republic, at least if in the future we want to, i don't know, solve any problems ever. i'm speaking, of course, of that great scourge the filibuster. that senate only rule that allows any senator in the majority or the minority to force legislation to pass not by the standard 51 votes, but by 60. which for most bills means certain death. rarely do 60 senators agree on anything. and over the last few years, the use and abuse of the filibuster, mainly but not exclusively by republicans, has reached record-breaking senate stopping heights. so what do you do? if you are harry reid, lead other telephone democrats in the senate, you try to reform it. and if you're mitch mcconnell, the republican leader who is using it all the time because it is your main kind of power you try to stop reform of it. now there are a couple of plan
cliff. while that's going on and will keep going on for a while, your united states senate is haggling over something that might be even more important to the health of the republic, at least if in the future we want to, i don't know, solve any problems ever. i'm speaking, of course, of that great scourge the filibuster. that senate only rule that allows any senator in the majority or the minority to force legislation to pass not by the standard 51 votes, but by 60. which for most bills means...
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wealthy taxpayers are maximizing donations ahead of the fiscal cliff. president obama told business leaders it won't being eliminated but they're still talking about it. according to "the wall street journal" fidelity's charitable gift fund brought in 1.2 billion in the first nine months of the year. that is up more than 60% from last year. i know. people are giving. charitiessare even getting in the mix. they're ramping up collection efforts going into the end of the year. ashley: bet they are. tracy: you say what you want how philanthropic we are, it is all about the tax deduction. you take it away, it is a lot about the tax deduction. you take it away, there will be a lot of charities that are --. ashley: i'm cynical. but i agree. of course. >>> ibm hoping to save millions of dollars by changing its 401(k) contributions. how much does it cost the employees though? gerri willis is here on that story next. tracy: as we head out to break, the dow is up 55 points. look at some winners and losers on the s&p 500. avon calling up 5.6%. and genworth financia
wealthy taxpayers are maximizing donations ahead of the fiscal cliff. president obama told business leaders it won't being eliminated but they're still talking about it. according to "the wall street journal" fidelity's charitable gift fund brought in 1.2 billion in the first nine months of the year. that is up more than 60% from last year. i know. people are giving. charitiessare even getting in the mix. they're ramping up collection efforts going into the end of the year. ashley:...
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congress scurrying around still trying to get something going on the fiscal cliff. and the latest poll shows that 2/3 of americans including a majority of democrats republicans and independents all say that congressional leaders meaning republicans should compromise so we can avoid going over the fiscal cliff. that means republicans must give up their insistence that the bush tax cuts continue for the wealthiest of americans because it ain't gonna happen. the president's not going to sign the bill and the american people don't want to give them a continued tax break. they think they ought to pay more. so let's just get it done and then go home and celebrate the holidays. hey, good to have you with us. we'll talk about all of that and get all of latest including what's happening out in the state of michigan. but first, we take time out for today's current news update. lisa ferguson's got it out in los angeles. hi, lisa. good morning. >> hey bill. good morning everyone. americans are calling for a major overhaul of the republican party. especially when it comes to the
congress scurrying around still trying to get something going on the fiscal cliff. and the latest poll shows that 2/3 of americans including a majority of democrats republicans and independents all say that congressional leaders meaning republicans should compromise so we can avoid going over the fiscal cliff. that means republicans must give up their insistence that the bush tax cuts continue for the wealthiest of americans because it ain't gonna happen. the president's not going to sign the...
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with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right to work states. there are 24 of them. 26 still are union states. >> gretchen: eric brought up an interesting point about why isn't the president staying in washington, because now it turns out that the fiscal cliff is actually closer than we thought. it was not coakley january 1 anymore. we've about to go off it any day now because apparently it takes a certain amount of days to actually draft any kind of legislation that they might come to an agreement on and so if you backtrack then from the end of the year and when congress is going to be going home for christmas and other holidays, then you really don't have
with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right...
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and on the right the road on the right is the fiscal cliff. really that the is choice if we don't do something about it we are going to go anyway. do you run over the kids with the car or do you take the other road which is not a good one but better than running over your kids fiscal cliff. it's a hard choice. >> but if we don't do it, if we don't go over the fiscal cliff the democrats will never cut a dime in spending. >> why would the democrats want change? if the bush tax cuts are going to expire they are saying this is great because this means the rich are going to pay more money, we are going to have more money to spend. they are already spending a the lo. they are saying why would we want change? this is great we have more money to spend. >> nancy pelosi saying why aren't we voting on middle class tax cuts? get to the other stuff. put this up for a vote: listen to nancy pelosi. we are not here to pass the middle income tax cut why are we here to not deat a time the middle income tax cut. could it be that the republicans are holding the m
and on the right the road on the right is the fiscal cliff. really that the is choice if we don't do something about it we are going to go anyway. do you run over the kids with the car or do you take the other road which is not a good one but better than running over your kids fiscal cliff. it's a hard choice. >> but if we don't do it, if we don't go over the fiscal cliff the democrats will never cut a dime in spending. >> why would the democrats want change? if the bush tax cuts...
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the stock market took its cues once again from washington and the rhetoric over the fiscal cliff. it was the fifth straight session of gains, with the buyers out at the opening bell. the index lost some momentum around 2:30 eastern time, something traders blame on comments from senate majority leader harry reid. reid said it would be extremely difficult to get legislation averting the fiscal cliff through the senate before christmas. with today's seven-tenths of a percent gain, it brings the index back to a level last seen on election day. for the year, its up 13.5%. trading volume increased to 691 million shares; just over 1.9 billion shares on the nasdaq. the technology sector was back in the leader position, up 1.4%. health care and telecommunications were up 1%. with the tech sector up, apple was helping out as it rebounded a little from its recent sell- off, but on lighter volume. shares rose 2.1%. piper jaffray's apple analyst predicts a more steady stock rally next year, and he's sticking with his $900 price target. it was a pair of business software firms that had the best
the stock market took its cues once again from washington and the rhetoric over the fiscal cliff. it was the fifth straight session of gains, with the buyers out at the opening bell. the index lost some momentum around 2:30 eastern time, something traders blame on comments from senate majority leader harry reid. reid said it would be extremely difficult to get legislation averting the fiscal cliff through the senate before christmas. with today's seven-tenths of a percent gain, it brings the...
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now we're talking about using the fiscal cliff or the debt ceiling as the ultimate weapon, trying to get something from the president now or give something to the president now with a threat that the debt ceiling will be used as the weapon in a few weeks or months. and quite frankly, that's no way to run a country. we need to move beyond this stalemate and this gridlock and both parties need to come together. i think the president's trying his best and, quite frankly, i would say that speaker boehner is really trying here. but these are difficult circumstances and i believe -- i return to what i said earlier. we had an election. the president won. when it comes to these tax matters, the people of this country are supportive of the president's approach. >> i'm curious, chip, and you were on this teleconference and obviously those are people very involved and very interested but there's an awful lot of fatigue, election fatigue in this country and, frankly, the holidays -- holiday season is upon us, people are busy, kids are back in school, so son and so forth. how much is public press
now we're talking about using the fiscal cliff or the debt ceiling as the ultimate weapon, trying to get something from the president now or give something to the president now with a threat that the debt ceiling will be used as the weapon in a few weeks or months. and quite frankly, that's no way to run a country. we need to move beyond this stalemate and this gridlock and both parties need to come together. i think the president's trying his best and, quite frankly, i would say that speaker...
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. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's right, and they were willing to do that in 2010 and were criticized, of course, by the base of the party because they felt so strongly about the stimulus measures. that shows how firmly the president is going to fight for those in the final package. >> i think there's so many reasons why boehner has to take a deal, though, in addition. if you look at the polls, 2 to 1, the public blames the republicans if there is no deal. and he's, meanwhile, gotten his tea party radicals, he's punished them for not following his line and his leadership. so, you know, look at wall street, they so far the market's
. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's...
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cliff, while not something to be encouraged, may not be as bad as many had thought, and, certainly, it is not worth making bad policy that will have m r much longer range -- will have much longer range implications. the second issue, another kind of artificial date has been in law for decades, and congress periodically as a part of debate over whether to extend it. it's app interesting debate. there really is no option. you either extend it or you default. default really shouldn't be an option, and it's something that should be avoided at all costs. we put this quick little date in there so that we can have the debate, have a vote, and then extend the debt ceiling as we know we have to. that's fine we have the issue of the debt and deficit in the long run. the issues of real importance because, one, we don't account for our expenditures the way businesses do, the way individuals have to. we get toking the for -- to account for them and ignore many of the long term implications, and if we put them in, it increases the amount of debt that we owe and have promised dray mat -- dramatica
cliff, while not something to be encouraged, may not be as bad as many had thought, and, certainly, it is not worth making bad policy that will have m r much longer range -- will have much longer range implications. the second issue, another kind of artificial date has been in law for decades, and congress periodically as a part of debate over whether to extend it. it's app interesting debate. there really is no option. you either extend it or you default. default really shouldn't be an option,...
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cliff. you can tell the pentagon is scaling back. today it became the triangle. [ laughter ] you know there's a teacher at home going yes! my math teacher. exactly. he learned something. and finally an entrepreneur in colorado has crafted an ice cream that's infused with marijuana. [ cheers ] which is why when you go to put in the freezer, it's like, "i'm already chill, man." [ laughter ] we got a great show for you tonight. give it up for the roots! [ cheers and applause ] ♪ >> jimmy: hey! we are in a great mood here at "late night." the grammy nominations were announced last night. i want to say congratulations to the roots! [ cheers and applause ] ♪ their album "undun" got nominated for best rap album. how cool is that? [ cheers and applause ] the greatest band in late night. but that's not all. [ drum roll ] our record "blow your pants off" got nominated for best comedy album! [ cheers and applause ] ♪ i'm so excited. i was freaking out last night. i couldn't sleep. oh, my god. thi
cliff. you can tell the pentagon is scaling back. today it became the triangle. [ laughter ] you know there's a teacher at home going yes! my math teacher. exactly. he learned something. and finally an entrepreneur in colorado has crafted an ice cream that's infused with marijuana. [ cheers ] which is why when you go to put in the freezer, it's like, "i'm already chill, man." [ laughter ] we got a great show for you tonight. give it up for the roots! [ cheers and applause ] ♪...
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fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no e-mails, no communication whatsoever. so this is encouraging in that the president sat down face to face with speaker boehner, but i think it's telling that both the speaker's office and white house put out these identical statements. i mean, what it shows here is that they've agreed to negotiate in private. there's a strategy here not to make this play out in public but rather happen behind closed doors so they can hash this out, hammer this out. it's unclear whether this will continue at that level. i did communicate wi
fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no...
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. >>> falling off the fiscal cliff, it may mean one thing to washington and something entirely different to millions of struggling americans. cnn's kiong la has the story. >> reporter: she could be facing at year's end a financial free fall. >> i don't know. i wish i wasn't in this situation but it is what it is and i could just do what i can. >> she lost her job as a new home sales manager on january. with an old laptop and a broken cord, she applies for jobs after job in a packed notebook, averaging 15 applications a day. at age 54, this is the first time she's ever been on unemployment. she's emptied out her savings account and now the emergency jobless program has kept her in her townhome giving her $450 a week. but unless the congress and the white house acts, the money stops. >> we're not trying to live off the system. we're trying to survive. it's not a luxury to be on unemployment. it's a means to keep us going. >> reporter: the fear of the fiscal cliff isn't just here. from the west to the north to the south, they will be hit the hardest. some two million americans will see thos
. >>> falling off the fiscal cliff, it may mean one thing to washington and something entirely different to millions of struggling americans. cnn's kiong la has the story. >> reporter: she could be facing at year's end a financial free fall. >> i don't know. i wish i wasn't in this situation but it is what it is and i could just do what i can. >> she lost her job as a new home sales manager on january. with an old laptop and a broken cord, she applies for jobs after...
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the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> no news. zip. still no agreement. we'll let you know if something significant happens. >>> developing now, hugo chavez undergoing surgery in cuba today. an operation that we're told was quote/unquote delicate. his health is a bit of a mystery, but we do know he had surgery last year to remove a cancerous tumor. still not yet clear what kind of operation he had today. updates as we get them. >>> broad daylight, on a crowded new york sidewalk, someone walks up to a man and shoots him, point blank range. today, a race for answers. i'm brooke baldwin. the news is now. >>> move over, america. a sobering new report suggests china is getting ready to surpass the u.s. economy. >>> plus -- >> this is the place where lisa was buried. >> cnn goes inside the search for da vinci's famous muse. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male annou
the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> no news. zip. still no agreement. we'll let you know if something significant happens. >>> developing now, hugo chavez undergoing surgery in cuba today. an operation that we're told was quote/unquote delicate. his health is a bit of a mystery, but we do know he had surgery last year to remove a cancerous tumor. still not yet clear what kind of operation he had today. updates as...
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it may not entirely show itself in this fiscal cliff fix, but the fix may be coming. i'm kudlow. we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> u.s. tax dollar funded battery marker a-123 systems is up for sale. the winning bid goes to -- china. so i asked was red china rising why u.s. taxpayers have to finance their battery companies. here's ann lee, author of "what the u.s. can learn from china," professor of nyu and visiting professor from beijing university and author kwof "death by china" and cnbc contributor. ann, let me go to you first. if we, the u.s. taxpayer and government are dumb enough to build a goofy battery company that goes bankrupt why shouldn't china scoop it up? >> i think this is a great story. first of all, taxpayer money wasn't wasted. all that money from the gov
it may not entirely show itself in this fiscal cliff fix, but the fix may be coming. i'm kudlow. we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> u.s. tax dollar funded battery marker a-123...
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it's an issue in this fiscal cliff fight. particularly if we go over the cliff and it turns into a pr battle. it's a problem longer-term, 2014, 2016. the party has to find a way to remake what people think of it and they're not there yet. >> and when you look, mark, at the optimism, pessimism, you find that people who are evenly divided, 48-48, as to whether there will be an agreement, they really want an agreement, though? >> this is a pessimistic are but a realistic public right now, and it's the public that watched what happened in 2011 during the debt ceiling standoff there. it was really interesting. we actually asked the question in december of 2008 after barack obama won his first presidential contest, and at that time 52% actually said we think the next congress is going to be an era of unity and willingness to compromise in congress. now when we ask that xwe, the newest poll, 69% actually are predicting disunity, division, and so this is a much more realistic public right now that is seeing everything that's going on
it's an issue in this fiscal cliff fight. particularly if we go over the cliff and it turns into a pr battle. it's a problem longer-term, 2014, 2016. the party has to find a way to remake what people think of it and they're not there yet. >> and when you look, mark, at the optimism, pessimism, you find that people who are evenly divided, 48-48, as to whether there will be an agreement, they really want an agreement, though? >> this is a pessimistic are but a realistic public right...
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i have two questions concerning the fiscal cliff. the cash cuts that republicans -- the spending cuts on medicare. why don't we allow them to negotiate medicare and to reduce the cost of medicine? that should save you a lot of money yearly. i agree totally about the republicans and democrats spending money stupidly just before the election. both sides voted to refurbish something like 170 army tanks that the army said they'd do not need. they went and voted to repair those tanks. why are we wasting our money? democrats want to cut taxes. host: armstrong williams? guest: we haven't gotten to affordable care and medicare and medicaid. if affordable care was administered correctly and if he did not have the special interest groups and if tort reform was not included, package you move forward in making health care work for anyone if you do not bring tort reform to the table? the medical malpractice lawsuits are out of control where doctors are paranoid and have to think twice before going through these procedures. it becomes a nightmare
i have two questions concerning the fiscal cliff. the cash cuts that republicans -- the spending cuts on medicare. why don't we allow them to negotiate medicare and to reduce the cost of medicine? that should save you a lot of money yearly. i agree totally about the republicans and democrats spending money stupidly just before the election. both sides voted to refurbish something like 170 army tanks that the army said they'd do not need. they went and voted to repair those tanks. why are we...
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what is it going to take you know, here on capitol hill to actually get something done to avoid the fiscal cliff. >> and what's going on in those negotiations that we don't know. >> exactly. so we going to talk to the man who may know right? >> the man who's wired in washington. >> exactly. bob woodward knows the white house and he's covering washington for years. he'll be on later this morning. >> announcer: this portion of "cbs this morning" sponsored by international delight coffee creamers. what's your i.d.? who thinks two is better than one? so all of you do. yes, for sure. now what's better? being able to shoot two lasers out of both of your eyes at the same time or just one laser out of one eye? [ all kids ] two! [ moderator ] okay, why? if it's just one beam -- okay, it does a little bit of damage. two beams -- it will make something explode! and that's more fun? yeah! and it's more powerful you're saying? yeah! [ male announcer ] it's not complicated. doing two things at once is better. and only at&t's network lets you talk and surf on your iphone 5. ♪ ♪ online outfit piccolo
what is it going to take you know, here on capitol hill to actually get something done to avoid the fiscal cliff. >> and what's going on in those negotiations that we don't know. >> exactly. so we going to talk to the man who may know right? >> the man who's wired in washington. >> exactly. bob woodward knows the white house and he's covering washington for years. he'll be on later this morning. >> announcer: this portion of "cbs this morning" sponsored...
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we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval rating 53%. when you ask, who do you trust to handle the fiscal cliff, it shows how the president has the upper hand. 38% say they trust president obama. that's twice as many as trust speaker boehner, although the 38%, of course, is under 50%. >> 38%. oh, man. but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and whe
we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval...
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they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to be two sides to this bargain but we're not going back to what we did in 2011. we both revenues and cuts on the table and ended up with just getting cuts because the other side wouldn't accept the revenues. >> reporter: a lot of folks on both sides feel like this is critical week. we're getting close to the end of the year. you need to give lawmakers a chance to put whatever deal it nice legislative language and sell to constituents and ultimately vote on it and hopefully send it to the president's desk. jon. jon: we'll see what happens. not a lot of time left. mike emanu
they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >>...
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anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they
anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one...
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that's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make it worse. >> what's the answer? will we have the deal? >> the real answer is to have comprehensive. look at this. i as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. we have to control defense spending. we have to control other no non- -- other discretionary non-defense spending. i think if you have the whole package, i would hold my nose despite the fact raising those two tax brackets is bad economics, bad for jobs, will hurt the economy, i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> agree completely. what i've been saying here. steve rattner. >> i agree completely. to get a big deal we all have to hold our nose a l
that's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make it worse. >> what's the answer? will we have the deal? >> the real answer is to have comprehensive. look at this. i as a republican, i would take raising the rates on the two top brackets if, in return, we had tax...
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we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy copeland a friend and semiphilosopher said that, your health is your wealth. if you raise the medicare age from 65 to 67, you're going to sacrifice the health of people who are not the most fortunate system of while we tax the income of the most wealthy, we'll be taxes what wealth theless wealthy have, their health. that's wrong. mr. president and mr. speaker should not increase that age and tax the poor. thank you, mr. speaker. the speaker pro tempore: for what purpose does the -- does the gentlelady from texas seek recognition? ms. jackson lee: i ask unanimous consent to address the house for one m
we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy...
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so really it's all about the fiscal cliff, guys. i wish i had something a little more light and fun for you on a monday morning. >> nothing like going through friday's numbers, down to 7.7%. a lot of chatter over the weekend that was only because people were getting out of the workforce in record numbers, et cetera, et cetera. what's your take? what's wall street's take on the numbers on friday? >> reporter: it's like this. it's like i reported on friday. it's better than expected. what we did in our "street signs" was why are the expectations so low? i went through the numbers, back to 2002, ten years ago. 57 months in the past ten years, we have gained more than 200,000 jobs, but now 146,000 is considered good because the expectations are low. so, yes, the number was better than expected but i think as a nation many people we talked to say up to the point where we could add 200,000, 250,000 jobs a month because that will help reduce the deficit. growth is actually the best solution to reducing the deficit. it's not tax hikes. it's
so really it's all about the fiscal cliff, guys. i wish i had something a little more light and fun for you on a monday morning. >> nothing like going through friday's numbers, down to 7.7%. a lot of chatter over the weekend that was only because people were getting out of the workforce in record numbers, et cetera, et cetera. what's your take? what's wall street's take on the numbers on friday? >> reporter: it's like this. it's like i reported on friday. it's better than expected....
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>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensa
>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect...